SG Capital Management LLC Takes $26.91 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

SG Capital Management LLC purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 254,297 shares of the industrial products company's stock, valued at approximately $26,907,000. Casella Waste Systems makes up 2.6% of SG Capital Management LLC's portfolio, making the stock its 11th largest position. SG Capital Management LLC owned approximately 0.40% of Casella Waste Systems as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in Casella Waste Systems by 16.4% in the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock worth $85,000 after purchasing an additional 113 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Casella Waste Systems by 2.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock worth $676,000 after purchasing an additional 134 shares during the last quarter. Covestor Ltd lifted its stake in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after purchasing an additional 153 shares during the last quarter. Captrust Financial Advisors lifted its stake in Casella Waste Systems by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company's stock worth $1,298,000 after purchasing an additional 156 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in Casella Waste Systems by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock worth $805,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Up 1.2%

NASDAQ:CWST traded up $1.43 during trading hours on Monday, reaching $115.95. The company's stock had a trading volume of 381,961 shares, compared to its average volume of 381,198. The company has a market capitalization of $7.36 billion, a P/E ratio of 504.13, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. Casella Waste Systems, Inc. has a 12 month low of $91.01 and a 12 month high of $121.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The stock has a 50 day moving average price of $113.32 and a two-hundred day moving average price of $110.40.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The company had revenue of $417.10 million during the quarter, compared to the consensus estimate of $403.64 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Casella Waste Systems's revenue for the quarter was up 22.3% compared to the same quarter last year. Equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Stifel Nicolaus lifted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. TD Cowen assumed coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target for the company. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $122.67.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now directly owns 20,347 shares in the company, valued at approximately $2,414,578.49. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Edmond Coletta sold 5,562 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the completion of the sale, the president now owns 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This trade represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.24% of the stock is currently owned by company insiders.

Casella Waste Systems Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.